By Jack Rogers | April 17, 2023 at 07:50 AM The last time we talked to Bert Van Hoof, president and chief operating officer of Willow, Bert told us in December that WillowTwin was linking with Microsoft’s Sustainability Cloud to develop an AI-driven intelligent rules engine designed to integrate building systems and replicate the knowledge of aging operators. […]
By Andrew Brinker Globe Correspondent,Updated March 2, 2023, 6:25 p.m Ever since word spread through Braintree of a 495-unit apartment complex proposed at the South Shore Plaza, an organized opposition campaign has been ramping up. Lawn signs decrying the “monster project” are appearing around town, and some residents are urging the Planning Board to deny the […]
Today, the Biden-Harris Administration announced its latest set of actions aimed at creating a convenient, reliable and Made-in-America electric vehicle (EV) charging network so that the great American road trip can be electrified. These steps will help the United States meet President Biden’s ambitious goals to confront the climate crisis, by building a national network […]
By Will Parker Updated Feb. 27, 2023 2:00 pm ET Apartment rents fell in every major metropolitan area in the U.S. over the past six months through January, a trend that is poised to continue as the biggest delivery of new apartments in nearly four decades is slated for this year. Renters with new leases in January paid […]
By Ashley Fahey – Editor, The National Observer: Real Estate Edition, Feb 6, 2023 A growing spread between starting and effective rents illustrates how office landlords — even among coveted Class A buildings — are seeing their rental income eroded as the office market remains squarely in favor of tenants. It represents another challenge facing the office market, […]
02/08/2023 | by John Barwick REITs posted their strongest returns since January 2019 and outperformed broader markets, as the FTSE Nareit All Equity REITs index rose 10.1% and the FTSE Nareit Equity REITs index gained 10.7%. Broader markets rose as well, as the Dow Jones U.S. Total Stock Market and Russell 1000 gained 7.0% and […]
Yardi Matrix expects distress to increase. By Paul Bergeron | February 21, 2023 at 08:22 AM It’s a bit of same ol’, same ol’ for now in multifamily deal-making two months into 2023 – not a whole lot. “Buyers are cautious, facing higher financing costs and downgraded projections of future rent growth,” writes, Paul Fiorilla, director of research, […]
January 26, 2023 Jarred Schenke, Bisnow Atlanta Amazon has tapped a Harvard-educated designer with experience in drafting municipal land use policies as its new vice president of worldwide corporate real estate and facilities. Amazon named Shannon Loew to the position previously held by John Schoettler, who will remain with the company, the Austin Business Journal reported. Loew’s hiring comes as […]
Buck Wargo | Feb 09, 2023 A new firm is trying to create its own version of a commercial real estate dating service with the launch of a tech-enabled platform that matches 1031 exchange buyers with sales brokers. Miami-based nxtCRE, which secured Series A funding from private equity firm Riverlake Partners in late 2022, announced in late […]
BYTHE ASSOCIATED PRESS January 25, 2023 at 12:46 AM EST The Lego Group announced Tuesday that it will move its North American headquarters from Enfield, Connecticut, to Boston, Massachusetts, by the end of 2026. Skip Kodak, president of the Lego Group in the Americas, said in a release that the move supports the Denmark-based global toymaker’s […]
